Wednesday, December 7, 2011

Sharp, Samsung and other LCD makers agree to pay $388 million in price fixing case

Sharp, Samsung and other LCD makers agree to pay $388 million in price fixing case

The companies still aren't admitting to any wrongdoing, but Sharp, Samsung, Chimei Innolux, LG and four other LCD manufacturers have now reached a settlement in a price fixing case that began back in 2007 with a class action lawsuit. That suit specifically covers LCD panels sold between 1999 and 2006, which the companies are alleged to have driven the price up on, in turn driving up the prices on products that use them.

Engadget, Sharp, Samsung and other LCD makers agree to pay $388 million in price fixing case

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